0945 GMT - Puma's CEO change seems a positive step for the company, given investors had lost some faith in the current strategy, Deutsche Bank analysts write in a note. The German sporting-goods group named Arthur Hoeld as its new CEO, replacing Arne Freundt, who will leave due to differing views with the supervisory board on strategy execution. "We believe a new CEO can change the internal attitude in the company relatively quickly," they say. Hoeld's strategic direction might focus on accepting Puma's lower price position in the market, Deutsche says. However, the timing is unfortunate as the group has to navigate the impact of U.S. tariffs, which are likely to put material pressure on earnings momentum, the analysts say. Shares fall 1.7%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 05:45 ET (09:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。